Tentatively higher from an earlier low of $1.26, NEAR Protocol is up to $1.33 today, adding $0.069, or 5.51%, to today's closing price of $1.26.
NEAR Protocol made an initial breakout above its 3 day Simple Moving Average at $1.34, a potential indicator of a newly emerging bullish phase. NEAR Protocol's lower Bollinger Band® is at $1.29, indicating that the market is oversold and fertile for new buyers. On the other hand, note that NEAR could be slowing down soon as it approaches resistance at $1.35. Of course, crossing it might suggest further gains are ahead.
NEAR Protocol continues to move higher with technical analysis indicating the trend will continue in the short term.
NEAR Protocol shows positive signs, other assets are also on par: Binance Coin climbs 3.47% to trade around $248.97. Having closed the previous session at $1,168.23, Ethereum is up 3.8% today to currently trade at around $1,212.65.
Meanwhile, FTX Token slides down 4.29% to trade around $0.921.
Having soared to a high of $20.2 approximately 11 months ago, NEAR Protocol is now trading 93.78% lower. NEAR Protocol is currently trading with a market cap of 1.12 billion with an average daily volume of 16.34 million.